on behalf of my favorite americans, michelle, malia, s asha, and bo, merry christmas, everybody. >> happy holidays. >> unless president obama and congress takes action, taxes will go up on january 1. the sequester will go into effect that will harm national defense. that is currently the law of the land. a house is done its part to avert the fiscal cliff. we have passed legislation that would replace the sequester with responsible spending cuts. he also passed a bill to stop all of the january 1 tax cuts. -- we also passed a bill to stop all of the generally when tax cuts. the american people reelected president obama on election date. the also elected the republican majority in the house. they gave us a mandate not to raise taxes on families and small businesses, but a mandate to work together to solve the massive debt that threatens our country's future. unfortunately the president and senate democrats have vowed to reject indeed all of our proposals while failing to offer responsible solutions of their own. what the president has offered so far will not do anything to solve our spendin